AsianFin- The World Trade Organization (WTO) has said in its latest report that global goods trade is continuing to recover from last year’s downturn. According to the latest data released on Wednesday, the WTO's goods trade indicator has climbed to 103, up from 100.6 in March, indicating a rise above the long-term average level for trade activity.

"This suggests that goods trade is on the rebound in the third quarter of 2024," the report noted. However, the outlook remains uncertain due to shifts in monetary policy among developed economies and weakened export orders.